Northland Power Balance Sheet Health
Financial Health criteria checks 2/6
Northland Power has a total shareholder equity of CA$4.5B and total debt of CA$7.2B, which brings its debt-to-equity ratio to 161.4%. Its total assets and total liabilities are CA$13.6B and CA$9.1B respectively. Northland Power's EBIT is CA$730.8M making its interest coverage ratio 2.4. It has cash and short-term investments of CA$763.9M.
Key information
161.4%
Debt to equity ratio
CA$7.24b
Debt
Interest coverage ratio | 2.4x |
Cash | CA$763.92m |
Equity | CA$4.48b |
Total liabilities | CA$9.14b |
Total assets | CA$13.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NPIF.F's short term assets (CA$1.4B) exceed its short term liabilities (CA$1.3B).
Long Term Liabilities: NPIF.F's short term assets (CA$1.4B) do not cover its long term liabilities (CA$7.9B).
Debt to Equity History and Analysis
Debt Level: NPIF.F's net debt to equity ratio (144.4%) is considered high.
Reducing Debt: NPIF.F's debt to equity ratio has reduced from 514.4% to 161.4% over the past 5 years.
Debt Coverage: NPIF.F's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: NPIF.F's interest payments on its debt are not well covered by EBIT (2.4x coverage).